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Treasury Auction
2-Year Note
September 26, 2023
B-
Key Metrics
Offered
$48B
Bid-to-Cover
2.73
63th percentile
High Yield
5.085%
Tail
-0.5bp
45th pct (higher=worse)
Indirect
65.0%
66th percentile
Dealer
14.0%
Recent 2-Year Auctions
| Date | B/C | Tail | Indirect | Grade |
|---|---|---|---|---|
| August 28, 2023 | 2.94 | -0.6bp | 65.0% | B |
| July 26, 2023 | 2.58 | —bp | 53.3% | F |
| July 24, 2023 | 2.78 | +0.3bp | 65.5% | B- |
| June 26, 2023 | 2.86 | -4.0bp | 68.5% | A- |
| May 23, 2023 | 2.90 | +1.0bp | 68.2% | B |